When Banks Borrow Directly from the Fed,the Interest Rate They

question 42

Multiple Choice

When banks borrow directly from the Fed,the interest rate they pay is called the:

• A) prime rate.
• B) discount rate.
• C) Federal Funds rate.
• D) required reserve rate.

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Definitions:

Adolescence

The transitional stage of growth and development between childhood and adulthood, marked by physical, psychological, and social changes.

Face-to-Face Friendships

Personal relationships that are formed and maintained through in-person interactions, as opposed to digital or virtual means.

High School Friends

Individuals with whom one forms friendships during the years spent in secondary education, often playing significant roles in social and emotional development.

Ethnic Background

An individual's cultural heritage or ancestry, which can influence their identity, traditions, and perspectives.